Travel More, Spend Less in the Sharing Economy

TRAVEL MORE SPEND LESS LONDON in the Sharing Economy Every year Allianz Travel Insurance publishes its Vacation Confidence Index. The results of this year's survey indicate that the main focus of American travellers is to spend less money on their vacation. Millenials especially are taking advatage of value for money deals using the sharing economy. || Average SpendI This figure is down 13.5% Americans will spend from $98. 8 billion in 2014. $85.5 billion on summer vacations in 2015. Average Spend per Person 2015 $1621 2014 $1895 |Millenial Habits 60% of millenials trust the sharing economy (e.g Airbnb, Lyft, Feastly) as opposed to 37% of all travellers. Ч0% plan to spend less than $400 on summer travel. 28% plan to book using a sharing economy service compared to 17% of all travellers. |Cut Travel Costs| Use a car Find a pop-up sharing service e.g. GetAround restaurant using Feastly. Rent a holiday apartment using Airbnb/ HomeAway Get cheaper taxis using Uber/Lyft. TAXI Rent equipment from someone using Find activities with GearCommons. Vayable. Two Sea Tour Co Ltd www.twoseatour.com Sources: https://insurancenewsnet.com/oarticle/2015/07/06/allianz-travel-insurance- vacation-confidence-index-consumers-looking-for-value-on-vacation-trips.html http://www.marketwired.com/press-release/allianz-travel-insurance-vacation- confidence-index-shows-2015-will-be-summer-value-2033584.htm http://www.reuters.com/article/2015/07/06/iduSnCCN2tjVhF+1c5+MKW20150706 http://www.freepik.com/ http://sharetraveler.com/activities-and-tours/ http://www.collaborativeconsumption.com/2014/06/25/collaborative-economy- services-changing-the-way-we-travel/ = •= •E= •= •= •= •= •= •= = •E= •= •= •= •= •E= •= •E= •= •= •E= •= •E= •= •= •E= •= •=